Calls for stronger regulations of cryptocurrency are growing in New Zealand and overseas following the crash of the world’s second-largest crypto exchange, currency FTX. The head of New Zealand-based Easy Crypto, Janine Grainger, believes cryptocurrency has higher volatility than other markets for a couple of reasons. These things are possible in crypto, whereas they're not as much in the traditional markets.”However, the transparency of the crypto market is a strength, she said. She thinks the market is likely to have something of a “crypto winter” with trust having been eroded by the FTX collapse. Grainger is still optimistic the crypto market will stabilise, but warns people to take the normal precautions: don’t put in money you can’t afford to lose and be aware of scams.

Source: Stuff November 28, 2022 01:17 UTC